Congress Holds BJP Accountable for Escalating State Debt, Calls for Financial Transparency
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Bhopal, Dec 17 (NationPress) During the second day of the winter session of the Madhya Pradesh Legislative Assembly on Tuesday, the Opposition Congress party took aim at the ruling Bharatiya Janata Party (BJP) over the escalating state debt, which has now exceeded Rs 4 lakh crore.
Congress representatives arrived at the Assembly carrying posters that emphasized the substantial loans taken from the Reserve Bank of India (RBI). In a symbolic act of protest, they also carried begging bowls to illustrate the state’s dire financial situation.
The Opposition accused the BJP administration of implementing “misguided policies” that have led Madhya Pradesh into a financial crisis. They pointed out that this soaring debt burden means each citizen of the state is effectively carrying a debt of Rs 55,000.
“In just the past two months, the BJP government in MP has taken loans totaling Rs 7,500 crore. From 2021 to 2024, the state government has accrued loans amounting to Rs 1.22 lakh crore from the RBI,” Congress legislators declared.
Leader of the Opposition Umang Singhar insisted that Chief Minister Mohan Yadav’s administration must present a white paper in the Assembly, detailing the total loans obtained and their intended use.
“The BJP government borrows money every three months, yet there is no noticeable advancement in the state's infrastructure. The government is obligated to clarify how this borrowed money is being utilized,” Singhar emphasized.
He further alleged that a considerable portion of the loans is directed towards the BJP government's promotional activities. “We will bring this matter before the House and request the Speaker to instruct the government to provide an extensive report on the loan expenditures from the past year,” Singhar informed IANS.
Reports indicate that the state is grappling with a cumulative debt exceeding Rs 4 lakh crore, with Rs 7,500 crore borrowed in merely the last two months. The BJP has dominated the political landscape in Madhya Pradesh since 2003, aside from an 18-month interlude when Congress was in power.
It is noteworthy that the winter session of the Assembly kicked off on Monday amidst significant protests from the Opposition over fertilizer shortages, leading the Speaker to adjourn the House within two hours.
